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A $50,000 loan amortized over 10 years at an interest rate of 9% per year requires payments of $7,791 to completely payoff the loan in

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A $50,000 loan amortized over 10 years at an interest rate of 9% per year requires payments of $7,791 to completely payoff the loan in year 10. If interest is charged on the unrecovered balance, what is the unrecovered loan balance at the end of year 3 provided the same $7,791 payments are made each year? -$39,212 -$26,627 -$43,122 -$34,950

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